Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective hoisted by stock analysts at Jefferies Financial Group from C$159.00 to C$164.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential downside of 2.53% from the stock’s current price.

Several other analysts also recently issued reports on TD. National Bank Financial set a C$190.00 price target on shares of Toronto-Dominion Bank and gave the company an “outperform” rating in a research report on Monday. Keefe, Bruyette & Woods set a C$180.00 price objective on shares of Toronto-Dominion Bank and gave the stock a “hold” rating in a report on Friday, August 21st. Canaccord Genuity Group raised their price objective on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Barclays lifted their price objective on shares of Toronto-Dominion Bank from C$140.00 to C$164.00 in a report on Friday, August 21st. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Toronto-Dominion Bank from C$164.00 to C$184.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$170.00.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock traded up C$0.41 during mid-day trading on Friday, reaching C$168.25. The stock had a trading volume of 1,043,349 shares, compared to its average volume of 5,520,668. Toronto-Dominion Bank has a fifty-two week low of C$100.43 and a fifty-two week high of C$175.33. The stock’s 50-day simple moving average is C$169.31 and its 200-day simple moving average is C$151.43. The firm has a market capitalization of C$277.96 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%.The firm had revenue of C$16.93 billion during the quarter. On average, research analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the completion of the transaction, the insider owned 26,677 shares in the company, valued at approximately C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock. Also, insider Paul Martyn Clark sold 27,649 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the sale, the insider owned 260 shares of the company’s stock, valued at C$41,917.20. This trade represents a 99.07% decrease in their position. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.